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2023
Flag → Flag
Exports $2.8BRnk 15 / 215
2023
Flag → Flag
Top Product $1.2BCrude Petroleum
2023
Flag → Flag
Exports $2.63BRnk 24 / 220
2023
Flag → Flag
Top Product $255MSpark-Ignition Engines
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
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 GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC$33,509CURRENT US$
Rnk 40 / 196
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Canada-Spain Trade: In 2023, Canada exported $2.8B to Spain. The main products that Canada exported to Spain were Crude Petroleum ($1.2B), Iron Ore ($293M), and Packaged Medicaments ($200M). Over the past 5 years the exports of Canada to Spain have increased at an annualized rate of 7.73%, from $1.93B in 2018 to $2.8B in 2023.

In 2020, Canada exported services to Spain worth $145M, with Travel ($46.2M), Computer and information services ($37.3M), and Transportation ($29.8M) being the largest in terms of value.

Spain-Canada Trade: In 2023, Spain exported $2.63B to Canada. The main products that Spain exported to Canada were Spark-Ignition Engines ($255M), Packaged Medicaments ($214M), and Wine ($118M). Over the past 5 years the exports of Spain to Canada have increased at an annualized rate of 2.76%,  from $2.3B in 2018 to $2.63B in 2023.

In 2018, Spain exported services to Canada worth $0, with being the largest in terms of value.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$161M and imported C$278M from Spain, resulting in a negative trade balance of C$117M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-23.9M (-12.9%) from C$185M to C$161M, while imports decreased by C$-26.5M (-8.7%) from C$304M to C$278M.

Trade In November 2024, the top exports of Canada to Spain were Crude Petroleum (C$74.3M), Iron Ore (C$13.9M), Packaged Medicaments (C$6.14M), Dried Legumes (C$5.65M), and Raw Nickel (C$4.7M). In November 2024 the top imports of Canada from Spain were Packaged Medicaments (C$24.4M), Petroleum Coke (C$17.2M), Petroleum Jelly (C$17.2M), Citrus (C$12.4M), and Wine (C$10.8M).

Origins In November 2024 the exports of Canada were mainly from Quebec (C$69.2M), Saskatchewan (C$33.3M), Ontario (C$24.1M), Alberta (C$11.8M), and Manitoba (C$7.46M), while imports destinations were mainly Quebec (C$132M), Ontario (C$99.7M), Nova Scotia (C$18.5M), British Columbia (C$11.7M), and Alberta (C$6.34M).

Growth In November 2024, the decrease in Canada's year-by-year exports to Spain was explained primarily by an decrease in product exports in Reaction and Catalytic Products (C$-6.71M or -98.4%), Iron Ore (C$-5.2M or -27.1%), and Gas Turbines (C$-2.04M or -89.7%). In November 2024, the decrease in Canada's year-by-year imports  from Spain was explained primarily by an decrease in product imports  in Spark-Ignition Engines (C$-20.4M or -83.6%), Packaged Medicaments (C$-7.83M or -24.3%), and Other Steel Bars (C$-4.3M or -66.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-23.9M(-12.9%)
IMPORT GROWTH (November 2023 - November 2024)C$-26.5M(-8.7%)
MAIN EXPORTER (November 2024)QuebecC$69.2M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Spain and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $2.8B to Spain. The main products exported from Canada to Spain were Crude Petroleum ($1.2B), Iron Ore ($293M), and Packaged Medicaments ($200M). During the last 5 years the exports of Canada to Spain have increased at an annualized rate of 7.73%, from $1.93B in 2018 to $2.8B in 2023.

In 2018, Spain exported $2.63B to Canada. The main products exported from Spain to Canada were Spark-Ignition Engines ($255M), Packaged Medicaments ($214M), and Wine ($118M). During the last 5 years the exports of Spain to Canada have increased at an annualized rate of 2.76%, from $2.3B in 2023 to $2.63B in 2018.

Exports from Canada (Flag) to Spain (Flag) (2023)

Exports from Spain (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Spain
Top DestinationFrance$61.9B

This map shows whether countries import more from Canada or Spain. Each country is colored based on the difference in imports they receive from Canada and Spain or the difference in the growth in imports.

In 2023, countries that imported more from Canada than Spain included United States ($410B), China ($31.1B), and Japan ($13.4B).

In 2023, countries that imported more from Spain than Canada included France ($61.9B), Portugal ($38.1B), and Germany ($40.2B).

Difference in imports from Spain (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Spain

Flow
Scale

This chart compares trade between Canada and Spain by product, considering products traded by both, Canada and Spain.

During 2023, Canada had a large net trade with Spain in the exports of Mineral Products ($1.56B), Vegetable Products ($367M), and Chemical Products ($244M).

During 2018, Spain had a large net trade with Canada in the exports of Machines ($627M), Chemical Products ($421M), and Foodstuffs ($270M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Spain+$587MCrude Petroleum
Top Product Potential Spain Canada+$122MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Canada exported services to Spain worth $145M, with Travel ($46.2M), Computer and information services ($37.3M), and Transportation ($29.8M) being the largest in terms of value.

In 2018, Spain exported services to Canada worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Spain (Flag) (2020)

Services Exports from Spain (Flag) to Canada (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Spain. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Spain (Flag) (2023)

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